49 ViewsThe following Act of Parliament received the assent of the President on the 31st March, 2023 and is hereby published for general information. The Finance Act, 2023 (No. 8 of 2023) dated 31.03.2023. This giving effect to the financial proposals of the Central Government for the financial year 2023-2024.
Amendments w.r.t. GST in the Finance Bill, 2023 passed by Lok Sabha today
71 Views(Author can be reached at [email protected]) DISCLAIMER: The views expressed are strictly of the author and A2Z Taxcorp LLP. The contents of this article are solely for informational purpose and for the reader’s personal non-commercial use. It does not constitute professional advice or recommendation of firm. Neither the author nor firm and its affiliates […]
THE FINANCE BILL, 2023
57 ViewsTHE FINANCE BILL, 2023 (As introduced in Lok Sabha)
Tamil Nadu State Budget 2023
46 ViewsSpeech of Dr. Palanivel Thiaga Rajan, Minister for Finance and Human Resources Management, Government of Tamil Nadu, resenting the Budget Estimates for the year 2023-24 to the Legislative Assembly on 20th March 2023.
Punjab Budget 2023: Most revenue receipts better than last fiscal but fall short of target
64 ViewsThe Punjab government, which was not able to meet most of its targets from revenue receipts, has estimated a revenue deficit of 3.52 per cent and fiscal deficit of 4.98 per cent for the Budget 2023-24. An analysis reveals that the government targeted an amount of Rs 95,378 crore from revenue receipts but was […]
‘Bill Leyao, Inaam Pao’ scheme introduced in Punjab Budget 2023-24
93 ViewsPunjab Finance Minister Harpal Singh Cheema Friday announced the launch of a new scheme to check theft of tax revenue by unscrupulous traders and shopkeepers. Cheema announced the scheme -‘Bill Leyao, Inaam Pao’ (Bring a bill, Get reward) – while presenting the 2023-24 state budget in the Punjab Vidhan Sabha here. “In order to […]
Amnesty Scheme: Maharashtra Budget 2023
91 ViewsAmnesty Scheme will be called as, ‘Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2023’. This Scheme is applicable on various taxes levied by GST Department before introduction of GST Act and duration of this Amnesty Scheme will be from May 1, 2023 to October 31, 2023. Complete waiver of […]
Maharashtra Budget 2023-24
113 ViewsMaharashtra deputy chief minister Devendra Fadnavis presented the state budget based on the principle of ‘Panchamrut’. Real estate sector welcomes 1% stamp duty waiver for women home buyers Cyrus Mody, Founder & Managing Partner at Viceroy Properties, welcomed the Budget provision of a one percent stamp duty waiver for women homebuyers. This will empower […]
BUDGET 2023 & INCOME TAX PROVISIONS
133 ViewsABSTRACT : The Budget – 2023 has come up with a plethora of changes proposed in the field of Direct Taxes. Proposed changes cover Income Tax & TDS both. Besides extending tax rebate up to Rs.7.00 lakhs under new regime, it effects the assesses who are taxed under the heads, Salary, Business & Profession, […]
CBIC to come out with clarificatory circular on ITC for CSR, change unlikely in budget provision
70 ViewsCompanies are unlikely to see any relaxation in the budget provision related with no ITC (Input Tax Credit) for CSR (Corporate Social Responsibility) expenses. However, they will not be asked to deposit ITC, availed any time since implementation of GST till date. The Finance Bill 2023 proposes to amend section 17 of CGST Act […]
